Stratrix
On the Record · Consolidated Communications Holdings

Consolidated Communications Holdings acquisitions, on the record

The businesses Consolidated Communications Holdings bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
utility poles located in the state of New Hampshire
Word for word“Depreciation expense also declined due to the sale of utility poles located in the state of New Hampshire in 2020 and certain acquired assets becoming fully depreciated or amortized.” 10-K for 2021
divestiturein 2020—
utility poles located in the state of Vermont
Word for word“Depreciation expense also declined due to the sale of utility poles located in the state of Vermont in 2019.” 10-K for 2021
divestiturein 2019—
39 GHz wireless spectrum licenses
Word for word“In 2020, we recognized a gain of $3.7 million on the sale of our 39 GHz wireless spectrum licenses as part of the FCC’s efforts to reclaim broadcast TV spectrum for wireless use.” 10-K for 2021
divestitureIn 2020$3.7 million
Kansas City operations
Word for word“On March 2, 2022, we entered into a definitive agreement to sell substantially all the assets of our business located in the Kansas City market (the “Kansas City operations”).” 10-K for 2022
agreed divestitureMarch 2, 2022—
CCOC, non-core rural ILEC business located in Ohio
Word for word“In 2022, we completed the sale of substantially all of the assets of CCOC, our non-core, rural ILEC business located in Ohio, for cash proceeds, net of selling costs, of $25.2 million.” 10-K for 2022
divestiture2022$25.2 million
Five limited wireless partnership interests
Word for word“On September 13, 2022, we completed the sale of our five limited wireless partnership interests to Cellco Partnership (“Cellco”) for an aggregate purchase price of $490.0 million.” 10-K for 2022
divestitureSeptember 13, 2022$490.0 million
Non-strategic communication towers
Word for word“However, during the year ended December 31, 2022, we completed the sale of certain non-strategic communication towers for cash proceeds of $21.0 million and recognized a pre-tax gain on the sale of $20.8 million.” 10-K for 2022
divestitureduring the year ended December 31, 2022$21.0 million
ILEC business located in Ohio
Word for word“However, working capital at December 31, 2021 included net assets classified as held for sale of $26.0 million related to the sale of substantially all of the assets of our ILEC business located in Ohio, which was completed in the first quarter of 2022.” 10-K for 2022
divestiturefirst quarter of 2022—
Condor Holdings LLC
Word for word“On October 15, 2023, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Condor Holdings LLC, a Delaware limited liability company (“Parent”) affiliated with certain funds managed by affiliates of Searchlight, and Condor Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), pursuant to which, subject to the terms and conditions thereof, Merger Sub will merge with and into the Company (the “Merger”) with the Company continuing as the surviving corporation and a wholly owned subsidiary of an affiliate of Searchlight.” 10-K for 2023
agreed acquisitionOn October 15, 2023—
five limited wireless partnership interests sold to Cellco Partnership
Word for word“On September 13, 2022, we completed the sale of our five limited wireless partnership interests to Cellco Partnership (“Cellco”) for an aggregate purchase price of $490.0 million.” 10-K for 2023
divestitureOn September 13, 2022$490.0 million
Washington operations
Word for word“On July 10, 2023, we entered into a definitive agreement to sell our business located in the Washington market (“the “Washington operations”), for gross cash proceeds of approximately $73.0 million, subject to customary working capital adjustments and other post-closing purchase price adjustments.” 10-K for 2023
agreed divestitureOn July 10, 2023approximately $73.0 million
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businessesGoodwill from acquisitions
2016-12-31$13.4 million$30.1 million$4.7 million
2017-12-31$862.4 million——
2018-12-31—$21 million—

Deal filings since 2016

Read from Consolidated Communications Holdings’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-03-05. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.